Paul Maritz

There are many factors which can influence the outcome of your mining profitability. The most significant elements are the cryptocurrency’s price, the mining algorithm, the hardware used for mining, and the total hash rate of the network.

The price of aeternity (Ticker symbol: AE) hit a high of $5.00 (0.00050797 BTC) at a 24 hour trading volume of $43,217,000 on May 5th, 2018. The picture looks much different today and predominantly on the back of Crypto Winter - a slump in crypto prices experienced across the board. At the time of writing (December 14th), the AE price of $0.363470 (0.00010949 BTC) at a 24 hour trading volume of $3,375,236 - doesn’t seem to be a fair gauge of the hard work the dev team of Aeternity is putting in and the progress made thus far.

QASH went from a high of $2.33 (0.00017012 BTC) at a 24 hour trading volume in access of 50 million USD on January 14th, 2018 to a low of $0.137746 (0.00002247 BTC) at a 24 hour trading volume of about 608,000 USD on August 15th, 2018. It is by any standard a huge drop, but the same could be said of most other crypto prices out there. Is this the beginning of the end for QASH (pronounced CASH)? I don’t think so and will explain why.

A way of measuring a cryptocurrency’s value is through its market cap. However, another way of determining its real value is by observing its blockchain activity as it shows which crypto is actually used by traders.

You get people that are involved in the crypto space and then you get the Crypto People. Members of the first group are only interested in cryptos because it can help them to Lambo and moon land. Their involvement in cryptos are driven by questions like: “When Lambo? When moon? When will xyz token be listed on abc exchange?” And questions similar in nature to those - all questions primarily interested in monetary gain and the sooner the better.